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Value of life insurance premiums written in South Korea from 2002 to 2023 (in trillion South Korean won)

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Source

Release date

June 2024

Region

South Korea

Survey time period

2002 to 2023

Supplementary notes

*Preliminary.

Based on the financial reports of insurance companies.

Citation formats

Life insurance premiums written South Korea 2002-2023

Published by Jenny Yang, Apr 9, 2025

In 2023, gross premiums written by life insurance companies in South Korea amounted to about trillion South Korean won. This was a decrease from about trillion won in the previous year. The size of the South Korean life insurance industry has more than doubled within the last 20 years.

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